Powel’s comprehensive software system DeltaXE is widely used by power and gas trading companies in Europe. London-based Freepoint Europe now uses the solution for cross-border power scheduling in several European markets.

“Freepoint required an internal and cross-border power scheduling solution for a range of delivery locations, with a number of listed functionalities and expectations,” says Dino Kilcher, Vice President Smart Energy, Energy Trade & Logistics. “Powel delivered the DeltaXE solution out-of-the-box, with the option of easily adding additional markets at a later stage.”

“Furthermore, the solution allows Freepoint Europe to see failed position data uploads, queued messages, and unprocessed response messages, thereby allowing them to save, open or investigate accordingly. It also alerts them to missing counterparty data, unprocessable data input by Freepoint Europe’s ETRM solution and unbalanced schedules being sent. The solution will handle daylight savings days in a clearly defined way in GMT, CET and EET time zones.”

About PowelPowel AS, headquartered in Trondheim, Norway, delivers business-critical software solutions and related services specifically designed to help energy companies and public utilities improve daily operational processes and service quality. The company is a market leader in software for generation, trading and logistics, smart metering, grid maintenance, and water management solutions, with offices in Norway, Sweden, Denmark, Poland, Turkey and Switzerland. Founded in 1996, Powel AS is a privately held company with 460 employees. www.powel.com

About Freepoint EuropeFreepoint Europe is engaged in trading physical commodities and the related standard and non-standard financial products in the markets for power, natural gas, coal and emissions. The team consists of highly experienced industry specialists who aim to arrange and participate in structured commodity solutions. This may include physical commodity price hedging; off-take, transport, storage, marketing and supply of physical commodities; tolling structures; prepayments and inventory financing as well as the commercial optimisation of energy assets. For more information, go to http://www.freepoint.com